Northern Short Intermediate Tax Exempt Fund Quote
| NSITX Fund | USD 9.83 0.01 0.10% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Northern Short-intermedia is trading at 9.83 as of the 23rd of April 2024; that is -0.1 percent decrease since the beginning of the trading day. The fund's open price was 9.84. Northern Short-intermedia has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Northern Short Intermediate Tax Exempt are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Except in extraordinary circumstances, at least 80 percent of the funds net assets will be invested in debt instruments that pay interest that is exempt from regular federal income tax. The funds dollar-weighted average maturity will range from at least one year to less than six years.. More on Northern Short Intermediate Tax Exempt
Moving together with Northern Mutual Fund
| 0.62 | NOCBX | Northern E Bond | PairCorr |
| 0.97 | NOAZX | Northern Arizona Tax | PairCorr |
| 0.63 | NOFIX | Northern Fixed Me | PairCorr |
Northern Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Northern Short-intermedia's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Northern Short-intermedia or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Northern Funds, Large Funds, Muni National Short Funds, Muni National Short, Northern Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 29th of July 2022 |
| Fiscal Year End | March |
Northern Short Intermediate Tax Exempt [NSITX] is traded in USA and was established 23rd of April 2024. Northern Short-intermedia is listed under Northern Funds category by Fama And French industry classification. The fund is listed under Muni National Short category and is part of Northern Funds family. This fund now has accumulated 521.21 M in assets with minimum initial investment of 2.5 K. Northern Short-intermedia is currently producing year-to-date (YTD) return of 0.01% with the current yeild of 0.0%, while the total return for the last 3 years was -0.21%.
Check Northern Short-intermedia Probability Of Bankruptcy
Instrument Allocation
Northern Short-intermedia Target Price Odds Analysis
Based on a normal probability distribution, the odds of Northern Short-intermedia jumping above the current price in 90 days from now is about 90.39%. The Northern Short Intermediate Tax Exempt probability density function shows the probability of Northern Short-intermedia mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Northern Short-intermedia has a beta of 0.0375. This indicates as returns on the market go up, Northern Short-intermedia average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Northern Short Intermediate Tax Exempt will be expected to be much smaller as well. Additionally, northern Short Intermediate Tax Exempt has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Northern Short-intermedia to move above the current price in 90 days from now is about 90.39 (This Northern Short Intermediate Tax Exempt probability density function shows the probability of Northern Mutual Fund to fall within a particular range of prices over 90 days) .
Northern Short-intermedia Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Northern Short-intermedia market risk premium is the additional return an investor will receive from holding Northern Short-intermedia long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Northern Short-intermedia. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Northern Short-intermedia's alpha and beta are two of the key measurements used to evaluate Northern Short-intermedia's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.06 | |||
| Standard Deviation | 0.0924 | |||
| Variance | 0.0085 | |||
| Risk Adjusted Performance | (0.08) |
Northern Short-intermedia Against Markets
Picking the right benchmark for Northern Short-intermedia mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Northern Short-intermedia mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Northern Short-intermedia is critical whether you are bullish or bearish towards Northern Short Intermediate Tax Exempt at a given time. Please also check how Northern Short-intermedia's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Northern Short-intermedia without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Northern Mutual Fund?
Before investing in Northern Short-intermedia, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Northern Short-intermedia. To buy Northern Short-intermedia fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Northern Short-intermedia. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Northern Short-intermedia fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Northern Short Intermediate Tax Exempt fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Northern Short Intermediate Tax Exempt fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Northern Short Intermediate Tax Exempt, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Northern Short Intermediate Tax Exempt?
The danger of trading Northern Short Intermediate Tax Exempt is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Northern Short-intermedia is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Northern Short-intermedia. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Northern Short-intermedia is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Short Intermediate Tax Exempt. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.